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Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
 The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fiscal, as domestic supply shrinks due to issues like environmental clearance and Naxalite threats India’s coal imports for power production are likely to rise to 48 million tonnes (mt) in the next fiscal, sharply higher than the expected imports of 28mt for FY09-10. Both private and public power utilities are likely to contribute to this high figure. Despite India being a coal-rich country, delay in mining activities at captive coal blocks, inferior quality of coal and hindrances in domestic coal transportation has increased power utilities’ dependence on imported coal.
According to the HS Brahma, secretary, ministry of power, public and private power utilities will together import 48mt of coal in the next fiscal. The import volume has been planned to ensure regular fuel supply to Indian power plants. Australia, Indonesia and South Africa are the major countries catering to India’s coal demand.
As per a PTI report, the total coal requirement during the 11th Five Year Plan (2007-12) is expected to touch 700 million tonnes, and the demand from power companies is likely to be at 550 million tonnes. A major portion of this requirement is likely to be met through coal imports.
The constant increase in coal imports by Indian power utilities is ironical, given that India has the fourth-largest reserves of coal in the world. However, effective utilisation of these reserves has hit roadblocks like environmental clearances, rehabilitation issues and the Naxalite movement.
Power utilities are increasingly looking at coal imports as an easier option to ensure coal linkages for their plants. With a large of number of captive coal blocks stuck in various pre-implementation stages, companies are more comfortable with their dependence on coal imports.
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“India’s total coal requirement during 2007-2012 is expected to touch 700 million tones, including demand from power companies is likely to be at 550 million tones”
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Coal blocks allotted for captive use to various power utilities as early as 2008, are still in the environmental clearance stage. The coal block allotted to GMR Energy in Orissa is one of the many examples. It is still in the environmental clearance phase, but company officials claim the coal linkage for the project has been secured and the plant will go on steam as scheduled, despite the delay in mining activity.
Similarly, Adani Group’s power plant in Tiroda (Maharashtra) hit a roadblock after two of its coal blocks in Lohara were refused environmental clearance.
Pramod Menon, chief financial officer, JSW Energy Ltd, confirms the necessity of imported coal. “Domestic coal has its own challenge; if we want to ramp up capacity, there are issues. We have tried to enter the space very differently, with a mix of domestic coal and imported coal. We generally take three to five years for exploration after allocation of a coal block. A lot of capacity is coming in, but we have to wait and watch out for the challenges which these capacities will face in procuring domestic coal. The reason for this is that we are not seeing a huge amount of coal capacity actually coming on-stream,” he said.
Coal linkages through imports have become extremely important for power utilities to ensure timely commissioning of their planned power capacities. An excellent example of this is the Videocon group. It has been able to achieve financial closure for its Gujarat power project due to assured coal linkages through imports. However, a second power project of the same group in Chhattisgarh still awaits financial closure. The coal supply for this plant will depend on captive coal blocks which have not been allotted. The group is confident that the Gujarat plant will be completed on schedule, but it refused to provide a timeline for the Chhattisgarh project as the coal linkages have not yet been secured.
Operational power plants in the country are also under constant threat of irregular coal supply due to mining and transportation issues. According to the Central Electricity Authority data, around 22 thermal power stations (TPS) were in the critical list with less than seven days of coal supply. Of these, 13 TPS are in the super-critical list with less than four days of coal supply. The number of TPSs in the critical list has been constant for several months, with no improvement in the coal supply scenario. The main reasons cited for the coal shortage are delay in coal imports or reduced coal supplies from the captive coal blocks for these plants.
India’s major coal reserves lie in the ‘red’ belt or the Naxal-affected regions of the country. Power plants fuelled by coal blocks in these regions face issues like irregular supply. Coal India Ltd, India’s largest coal supplier, is also seriously looking at the coal import option. CIL officials had earlier admitted to transportation problems from coal mines in the Naxal-affected regions of Jharkhand, Orissa, Maharashtra, Madhya Pradesh and Chhattisgarh.
National Thermal Power Corporation Ltd (NTPC), which is India’s largest power producer, plans to import coal in large quantities from Australia, despite the fact that domestic coal blocks have been allotted to each of its projects. It has already imported 9mt of the targeted 12.5mt during the current financial year (2009-10). NTPC’s thermal power stations at Farakka and Khalagaon have been on the super-critical list for several months due to inadequate coal supply.
Source: Money Life (Amritha Pillay)
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- Intertek Mineral Services - Indonesia
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- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
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- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
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- Kaltim Prima Coal - Indonesia
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- Central Java Power - Indonesia
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- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Central Electricity Authority - India
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- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
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- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
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- India Bulls Power Limited - India
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- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
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- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
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- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
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- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
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- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
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- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
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- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
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- Semirara Mining Corp, Philippines
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- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
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- Makarim & Taira - Indonesia
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